Republic of Congo : First Review Under the Poverty Reduction and Growth Facility Arrangement, and Requests for Waiver of Performance Criteria and Modification of Performance Criterion.

The staff report for the First Review Under the Poverty Reduction and Growth Facility on the Republic of Congo highlights economic development and fiscal policy. Reflecting the rise in oil prices, the fiscal and current account balance position improved significantly. Congo's medium-term prospe...

Fuld beskrivelse

Bibliografiske detaljer
Institution som forfatter: International Monetary Fund
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2005.
Serier:IMF Staff Country Reports; Country Report ; No. 2005/301
Online adgang:Full text available on IMF
Beskrivelse
Summary:The staff report for the First Review Under the Poverty Reduction and Growth Facility on the Republic of Congo highlights economic development and fiscal policy. Reflecting the rise in oil prices, the fiscal and current account balance position improved significantly. Congo's medium-term prospects have improved significantly because of the rise in oil prices, notwithstanding the downward revision of oil production. In the banking sector, the government's key objectives are to promote greater market discipline and improve the governance framework as regards bank loans. Although Congo's recent progress provides a good basis for continued program implementation, important risks remain.
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Fysisk beskrivelse:1 online resource (80 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Adgang:Electronic access restricted to authorized BRAC University faculty, staff and students